Thomson is eyeing revenues of Rs 600 crore this financial year.
According to a report in the Moneycontrol, the French consumer electronics brand, that made a re-entry into the Indian market in FY19 through its television business are antedating a good growth in sales in the upcoming festive season. Besides, the company will also be launching new models for the Indian market.
“The company have already seen sales of 30,000 units in June within 45 days of the launch,” Avneet Singh Marwah, CEO, SPPL said exclusively to Moneycontrol.
Thomson entered into an exclusive licensing agreement with Indian contract manufacturer, Super Plastronics (SPPL). Besides Thomson, Super Plastronics holds the license for other brands such as Kodak TV, Crown, and SVK.
Thomson TVs are sold only through the e-commerce website, Flipkart, and it will continue. No plans of setting up offline stores in the offing.
Though the demand was equal from both rural and urban areas, Marwah said the 4K television is their highest selling product. However, the major cause of concern remains the high rate of taxes on large-end television.
According to the report, the company had sold the TV sets across 14,000 pin codes across India and the 35 warehouses of Flipkart across India, that has led to the reduction in delivery time.
With a rich heritage stretching back more than 120 years, Thomson has been part of the world’s greatest technological revolutions with an unwavering dedication of making innovation accessible to all.